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Podcast: PRay TeLL, Dr. Hash
Episode: 75 Income Inequality
Description: More than half of Americans make less than $30K/yr. Income Inequality, the difference between the highest paid 1% in this nation and the majority of wage-earners, is usually debated as “fairness,”and even liberty-abiding people are cannot fully excuse the ridiculous disparity of income for jobs that many people could do if given the chance. A lucktocracy creates extreme winners: in the last century, high marginal tax rates discouraged greed, but a Baby-Boom Conservative-voting demographic allowed Ronald Reagan to lower marginal tax rates, which were further reduced by Bill Clinton, and suddenly greed was rewarded and it made sense to l...